The newest apartments on Downtown's east side are preparing to open and nearly half of the building's 111 units have been leased.

Officials from the city of Cincinnati and the Seven at Broadway development team hosted a ribbon-cutting ceremony Tuesday morning to celebrate the project's completion. The more than $22 million project added a seven-story building at Seventh and Broadway streets on top of an eight-story parking garage.

Influential Downtown-based developer North American Properties and Over-the-Rhine-based NorthPointe Group worked to develop the apartments, and Al. Neyer served as general contractor. John Senhauser Architects designed the building and it is expected to obtain Leadership in Energy and Environmental Design certification.

The first residents are expected to move in next month.

Studio apartments are about 637 square feet, one-bedroom apartments will be 967 to 974 square feet and two-bedroom apartments will be 1,083 to 1,732 square feet. Rent for studio apartments start at $1,195 a month, according to the building's apartment leasing website. Rent for one-bedroom and two-bedroom apartments start at $1,395 a month and $1,895 a month.

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The first residents are expected to move into a new 111-unit apartment development Downtown next month.(Photo: The Enquirer/Bowdeya Tweh)

Seven at Broadway has a rooftop terrace, 24-hour fitness center, and concierge services. Apartments feature exposed concrete pillars, floor-to-ceiling windows and interiors with marble, wood and stainless steel. The building offers sweeping views of Mount Adams, Over-the-Rhine and other neighborhoods.

The project is being hailed as the first new Downtown construction project offering Cincinnati Bell's gigabit Internet service, which the company says is anywhere from 10 to 100 times faster than broadband service many of its Fioptics customers receive.

Downtown-based Al. Neyer built the original five-story parking structure in 2003 and added three stories to the structure in 2010 to accommodate growing parking needs for Procter & Gamble Co., whose corporate headquarters are a few blocks away.